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saw what happens as a result. liz: the core measure of u.s. retail sales rising as -- at its fastest pace since july. gasoline, building materials. they increased five tenths of a percent. david: as we mentioned, filed a lawsuit to block the $11 billion merger between usair and american airlines. that deal would hurt consumers. we have the attorney general of one of those coming up. liz: shares of online travel company orbitz getting slammed because the largest shareholder has pulled about one-third of its holding. david: and yom brands, parent of kfc, has been taking a hit in today's session following a much steeper than expected 13% decline in same-store sales in china last month. liz: we need to tell you that we are just learning now the size of the stake of carl icahn. it is more than a billion dollars. a huge chunk that he has taken an apple. a billion dollars stake in apple. telling us earlier today, we are there. we are and. by the turn of a billion dollars, david. the stock is resounding up to up 5%. david: getting ever closer. these are just numbers. the $500 level is psycho
want to bring in the analyst. david: we do, indeed. he joins us from the chicago cme . also, jamie cards is with us, harris financial group managing partner. good to see. what do you think of lions gate? >> i think that it is better than disney. that's all say about that. david: that's not saying once. they have been doing so well. >> i'm trying to stay away from all that speculation. all i know is that decides whether traders believe to be a good movie, it is really not one member year -- david: i have to interrupt you because we go from hunger games to william shatner at priceline. >> another beat on both lines. and earnings per share of $9.70. expecting $9.306 on revenue of over one and a half billion. just to give you an idea, they are expecting that the gross domestic travel bookings will be up 5-10% in the third quarter. international gross travel bookings in the third -- fourth quarter of 32-39 percent, so expecting this growth will continue. liz: hotel and vacations for this current earnings release accounted for 48 percent of the total revenue. not bad, up 44%. the look at
to with stand any future crises. citing tests that were used to determine a bank's health. liz: jpmorgan's stock taking a hit on new concerns about scrutiny from regulators. they could face 6.8 billion in legal losses above existing reserves. charlie gasparino is reporting they're creating a moat. ashley: is that right? billionaire carl icahn increased his stake in energy producer, chesapeake energy. he owns just shy of 10% of the stock according to regulatory filing. liz: the firm upgrading the stock to overweight saying that the retailer should see growth in the mid-teens in the future. ashley: investors keeping close eye on egypt as the violence showing no signs of ending. government killing 25 -- killing of defend five egyptian police officers near the border with sinai near israel. liz: order for 60 new fighter jets. who is ordering? south korea. sources say the u.s. aerospace giant undercut rivals in the bidding war. "after the bell" starts right now. ashley: let's get right to today's action. jason pried from -- pride from glenmede sees the market grinding higher and he has three ways to
-shiller index shows u.s. home prices rose 2.2% in june, a slower pace than in me. sounds good but fudging on whether it was good in the long run. led by the 24.9% surge in las vegas. cheryl: place your bets. the conference board reporting confidence rose 81.5 from 80. consumers more upbeat about business, jobs and earnings progress. david: syria for ministers said they would use all means available to defend itself in the event of a u.s. strike, one day after u.s. victory of state said there was no doubt this odd receiver thasad regime was usin. cheryl: sparking a rally in oil of $3.09 settling in at 109.01 per barrel. this is the first time that contract has closed above that level since february 2012. david: u.s. authorities are demanding jpmorgan pay more than $6 billion to settle allegations is missold securities. the bank is said to be resisting that demand. a whole lot more after th "aftee bell" starts right now. let's get to today's action, schaeffer's investment research in your technical strategist, last recommendation 31% since we told you, for new place for you, and in the pits
making a case for limited u.s. military action against syria today. the secretary stressed any action would be carefully tailored and would not involve u.s. boots on the ground. david: before the president or secretary of state talked we had consumer sentiment. that slipped to 82.1 in august after hitting a 6-month high last month. despite the declines americans were more upbeat about their outlook for the future. cheryl: vodafone confirmed it is in talks with verizon. you knew this if you've been watching fox business, is in talks to sell its stake in verizon wireless. no news but it could potentially be a 130 billion-dollar deal. david: this is not good news. spending rising just .1% of missing analyst estimates. it matched weak growth in personal income which also rose .1 percent. cheryl: look at gold falling for a third straight day, the commodity declining, $16.80 an ounce -- $1680 an ounce. gold gained more than 6%. that big safety play we're following for you. david: remember we're telling you for every seller there is a buyer. hedge fund operator perry capital says it acquired
for john deere. david: lauren simonetti giving us final action in the trading day. the dow is down about 59 points. looks like it might trade a little bit lower. let's look how all the stocks are finishing up. as i said the dow is down about 62 right now. again it is settling lower. look for it to fall lower thanta. s&p is down as well. we have a split decision. nasdaq until a moment ago was positive. that is barely negative. just .01% negative. the russell 2,000, ever so barely managing to squeak out a green arrow there. other than those down stocks, you have to look at the momentum and the momentum for the moment as the vix goes up as volatility continues to go up. the stocks continue to go down. across the board. there were some winners that we'll talk about but meanwhile let's run you through a look at the front page headlines, the stories that made the news in the world of business. orders for big-ticket items in the u.s. slumped 7.3% in july. this is the first retreat in four months. the decline came mostly on the back of fewer passenger jet orders. that is where it was focus
territory. up two points. want to look at the front page headlines. the u.s. non-manufacturing sector picked up seem in july. the ism index -- manufacturing index rose to 56. highest since february. >>> time warner suggests a immediate resumption with quote, economics pay greed to during negotiations. it also proposed that time warner cable carry cbs stations on an a la carte basis. cbs haven't yet responded. >>> 12 players accepting a 50-game suspension for violating major league baseball's drug policy. new york yankees slugger alex rodriguez has been suspendedded for 211 games. that ban effective thursday. >>> dallas federal reserve bank president richard fisher says the fed is closer to curbing asset purchases. the fed president said with friday's jobs report, the fed is closer to execution proceed. pondering right time to begin reducing purchases. >>> boston red sox owner john henry is buying "the boston globe" from "the new york times." the deal? 70 million in cash, far less than the 100 million that deal was expected to fetch. "after the bell" starts right now. adam: we want
from voting any shares brought after february 5th. liz: more details on u.s. manufacturing, the highest level in nearly two years last month. the ism surged to a realizing of 55.4 compared with 50.9 in june. "after the bell" on a busy day starts right now. ♪ ♪ liz: record day for stocks, let's get to today's big moves. we've got eugene pro fete, portfolio manager with two ways to make you money, and scott in the pits of the cme. scott, to you first. the number one driver of these moves today. >> i think overnight chinese manufacturing combine with the the fact we had a doveish draggy today and fed yesterday. those are the reasons we're this high today. david: but the increase in interest rates, a huge jump, 13 basis points. first of all, does this show that bernanke has lost control of interest rates and, secondly, why didn't they spook the >> well, two things. i'm not saying i agree with this rally, but those are the reasons also i think that that's going to be the next fight coming up for the next six months. you might see those bond traders over there take the fed to task and pre
the day. yields have jumped from may and hit a high last week. cheryl: the likelihood of u.s. military strikes against syria is growing. one goal may be to deter further use of chemical weapons by the syrian government. u.s. officials believe this syrian military may now target the country's largest city. david: an intense temple of days. applications for u.s. home loans fell for a third straight week as average mortgage rates continued climb. mortgage applications fell two and a half% after sliding the previous week. again, coming up in this hour. cheryl: a cannot wait. aaa reporting that more than 811,000 people will travel this holiday weekend. that is over two and a half percent increase. this year's forecast, highest in four years. "after the bell" starts right now. ♪ david: we have of very exciting show, including the man who hired david asman at the "wall street journal" 30 years ago. that man will be year. we will tell you about that. let's get to today's market action. some very positive gains. %-away from the cme and she coud -- chicago. he says now is not the time to buy e
: they also liked target. the u.s. and british pushing to gain approval. we will be live at the white house with more. >> also the crisis in syria. still, they are at their highest level in more than two years. we have a top analyst that says do not let the run-up for you. also, we want to hear from you. you think the market is taking syria a little too lightly right now? log on to / after the bell. we will read your answers on after the bell. ♪ [ male announcer] surprise -- you're having triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] w about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. ♪ cheryl: shares of garmin jumping today. let's head back to lauren simonetti and the new york stock exchange. >> this is a stock that has done nothing all year. lots of new products coming out. you know it is for navigation, but why don't we
's stocks, it is readily available, investors can see a fact sheet very readily. liz: give us some names that are in there. >> i cannot give you names because i'm in the process of getting ready to launch a new unit truck developed inch national market, or global market including the u.s., but i can give you an idea in of sectors bi. the sectors we had to spit the most will be super bowl because we look at the exporters. information technology. consumer discretionary. also material. those are what we will be seen moving. china, europe, and it all works together with the u.s. liz: can mention another that you do, this is developed world market, it includes new zealand. >> it is in the developed countries, that is right. what we expect is the developed markets are leading the emergency market out, so to speak. liz: it is wonderful to have you again. people are not too late to get into europe now? >> we don't think so. this is a good opportunity. you are at the front end of it, not the tail end, we wouldn't think. liz: thank you so much. david. david: italy, spain and the netherlands are st
but not these indexes. >> here is a look at your front page headlines. the u.s. created 162,000 jobs in july. that is actually fewer than what economists had expected. unemployment rate fell to 7.4%. that happens to be the lowest level since december of 2008, partly because more people dropped out of the labor force. david: bank of america disclosing it is facing actions from several regulators over its activities during the financial crisis. the bank said investigations are moving ahead and could result in some civil charges. liz: demand for u.s. factory goods rose in june, boosted by higher demand for aircraft. factory orders gaining 1.5%. they have now risen four of the past five months. david: cbs and time warner cable have until 5:00 p.m. eastern time that is only an hour from now to find a solution in their fight over transmission fees. a failure to come to an agreement threatens millions of cable subscribers with a cbs blackout. liz: st. louis fed president bullard suggests that the fed wait for more factors in the economy before tapering the bond buying program. he says caution needs
of realtors said the numbers increased 6.5% to an annualized rate of 5.3 million units. adam: u.s. consumer protection bureau found new problems with mortgage servicing at banks and other financial firms. it said in some cases launched investigations that could lead to enforcement actions. liz: you bf raising their investment target. the firm expected higher gross margins estimates for the lower-priced iphone coming out expected to be called the iphone 5c. the slump follows disappointing earnings be it sales came in lower than sales estimates and the company cut its forecast. liz: white house is deeply concerned on reports from syria. hundreds of people have been killed in a chemical weapons attack by apparently government sources. syrian rebels say 1300 people were killed. adam: and reviewing what happened after a computer glitch at goldman sachs disrupted trading at multiple exchanges yesterday. wall street sources so that glitch could cost goldman $100 million. "after the bell" starts right now. ♪ liz: we were saying earlier as soon as the fed minutes came out, everybody got whiplash.
in market cap of more than about 2,500 stocks that list on the nasdaq. joining us now is a man who was with us yesterday, he is the expert in these kinds of electronic trading glitches, edgar perez, author of "nightmare on wall street." nicole petallides still with us on the floor of the new york stock exchange. sandra smith in the pits of the cme where they endure massive amounts of electronic trading, liz macdonald has been speaking with traders all day, adam shapiro live at the nasdaq. to adam first. they just had the closing bell, everything seemed to be okay, lots of smiles down there. what do you think will be the fallout, and has anybody come out to talk to you? >> reporter: nobody is talking from nasdaq as of yet. it's kind of pay no attention to that man behind the curtain. almost appropriate, because the iconic tower here in times square is really a facade of marketing for what is totally electronic trading platform, and that platform today you couldn't trade because you couldn't see what you were going to bid on or the place you would ask, so you couldn't set a price. na
york today. he sees the market moving higher and he has three ways to make you money. also joining us from the pits of the cme, is michael gerka, spectrum asset management. michael, let's first talk about the fed. fed president charles evans is usually talking about printing money being a good thing. today he is saying they may pull back from a little bit. that sent the markets down but i imagine a lot of cm e-traders were glad to hear that. that maybe the economy can with stand out the artificial push from the fed? >> there is a dual nature to that kind of commentary also and most people would look at it not from the market standpoint that things are getting healthier and economy is growing and the fed is stepping back a little. there is major difference between wall street and main street and that dichotomy and you're starting to see that in the payroll number. the feds need to start taking a little more responsibility in their vernacular. that is one i think of the reasons you have that comment today. liz: so we know there will be all kinds of comments that will gyrate the markets,
particularly as we approach the back-to-school season will be absolutely crucial to understand the health of u.s., the consumption led economy in the u.s. inflation data this week, part of that puzzle on the fed's mind. liz: we're talking domestic. david lutz, want to bring you into the conversation. one of the things you're watching happens to bank of japan, the boj. we found out there was a worse than expected outlook for gdp for japan at the moment. why does japan matter to our domestic investors right now no liz, thanks for having me. it is simple enough. if the bank of japan continues on its easing policy, that will be pumping more kwan quantity into the global stock system. that will benefit the u.s. investors on two fronts. first of all on equities because qe is clearly benefited the stock market's run over the last two years. second, bond investors. because with's been going on, yields in at love japanese bond are significantly lower still than the u.s. bonds. so we have a lot of asian demand coming from the pensions and institutions for u.s. bond. so it's a twofold effect from bank of j
: we are going right to dennis kneale who gives us green mountain reports, another company reporting earnings today. what's the news, dennis. >> good news bad news on green mountain. beat on earnings per share. they come in at 82 cents instead of 77 cents wall street was looking for. top-line growth is an earnings miss. it misses wall street estimates. wall street wanted $981.1 million in revenue. it got only $967.2 million. that's growth of only 12% or so for a pretty high-flyer. david: the interesting thing though, coffee prices come down. that is clearly why they're getting earnings they're getting on the bottom line but the top line is bothersome, dennis. a lot of people going to their competitors i guess? >> earnings per share last year were 52 cents. really nice when you bring in earnings per share 82 cents versus year ago quarter. that is better than 50% growth in eps. liz: let's bring in todd horowitz. i'm looking for some of these hits. as we look at wires all of the news here, a beat on the bottom line. a miss slightly, not slightly. enough on the top. look at the stock, to
of the discussion get us to that level. right now treasury yields look rather robust here above 2.80. david: robust. a lot of people would say scary at above 2.8. when you think where it has come from may. down 1.6. it almost doubled. are traders concerned that this pace might continue, because if it does, we're looking 5, 6% interest rates by the end of the year. >> slow down there, pally. no, no. what is important to remember this. the historical levels we came from were insane. it was well overdone. at the same time we knew, as soon as we saw percolation over 2%, even 2.5. things could get ahead of themselves. it is acting accordingly. i think traders expected this, not to the extent where it would happen day after day after day. david: by the way, michael, i'm about to talk to richard fisher, as you know, thinks perhaps qe run its course. what would you like to ask him? >> actually, what i would like to ask him, does he see evidence at least lear fundamentally from what we've seen in the last two weeks, from our, any results, from the economics indicators, that warrants to see this apprehension
to text and use the phone all the time. my built just keeps going up. it is kind of a little bit plus because the dividend is over 4%. at&t has a 5% dividend. that surely breaks them up on the ten year treasury. i like the telecom. i also like energy as well. as we are completely invested all the time in 44 different countries and over 15,000 different stocks, while we have a tendency to be overexposed and keep the dividend and that income coming in, we are still invested overall in the stock market in the portfolio. ashley: larry, let me bring you win. just pick up, telecom's for the yield? or is there somewhere else that you think is showing a lot of value? >> for me i'd like to different. unlike europe. all of the cheerleading going on right now, people are severely under invested. keep in mind, you're by and large epic% on the quarter. all long way to go. they are at a recession. unlike the banking sector. here on our shores i still like financial's and materials. i'm sticking my neck out, but over the long haul we are in the baby steps of recovery, a long-term recovery that will
from walmart and macy's. cheryl: and confidence among u.s. home builders at its highest levels in nearly eight years, that's according to wells fargo can builder sentiment index. david: the wall "the wall stree" reporting that the department of energy was attacked by computer hackers last month who gained personal information on thousands of current and former employees. we have earnings coming up, dell in just a moment. "after the bell" starts right now. cheryl: and let's get to today's action and what's behind the selloff. we've god edward pavin, chief investment officer, and mark sebastian in the pits of the cme. mark, let's start with you. you know, so much of what we've seen today has been concern that we are going to lose the punch, if you are, and that ben bernanke is going to pull back. are you buying into that storyline today? >> well, it doesn't really matter if i'm buying in, the ten-year note certainly is. those yields are getting pretty high, and it's the dog that's wagging every other financial market's tail. it's driving everything. now, that said, something real
markets are overvalued, especially with interest rates creeping up. joining us randy warren, and scott shellady in the pits of the cme. teddy wisering also joins us from the floor of the new york stock exchange. to you first, randy, what is your take on market? why did we see a selloff today? looks like our first down week in a couple? >> the market typically does this two steps forward and one step back. this week is one step back. we hit all-time new highs last week. trending up five weeks in a low. and we have a little bit after softening in that. that is pretty normal action. >> teddy weisberg, what does the market want? it seems to me, and we'll ask of course our cme guy if it is true, that there's a split decision. cme is right in the heartland of america in chicago, they seem to want the federal reserve to get back to normal or more sense of normalcy, not continue with money printing much longer where wall street wants it to go on forever? am i right? is that a split decision where wall street wants and cme wants? >> it seems logical but i think would think we both agree that th
comes b i think the u.s., whether it mixed data on housing which i think it mixed right now, auto sales which are strong, consumer confidence which historically at high levels and ememployment numbers improving. i don't think i would panic over one data point with respect to housing right now, adam. liz: mark, with that number, something that drove traders in the pits today? >> not really. it is all about the 10-year. one interesting point, the s&p 500 futures options that trade over there, if you look where the bid, where the option buying is, you can actually see a big up tick in the expiration cycle that expires right after that fomc meeting in sent. so everybody is looking at the fed. the fed is in many ways is kind of controlling the markets near term destiny. long term, doesn't matter. but in the near term, everybody is looking at the fed. so, really it's non-farm, it's federal reserve. we're in a market basically where things are starting to correlate unless you're microsoft. liz: jobs still matter. jobs still matter, non-farm payrolls, right. >> yep. that is exactly right. >> i
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